Industry leaders have been providing the products in the market for quite some time now but trends such as transparency, customization, and employee engagement are expected to be at the forefront of the new and upcoming offerings to customers. The increasing use of analytics to map the performances and predict the future outcomes has also had a positive effect on the adaptation to the technology in demand.
Solution integration and the availability of middleware from vendors are also an important step forward for the industry standardization. As the industry strides toward larger adoption and rapid developments in terms of capabilities, many new trends such as Massively Open Online Courses (MOOCs) and social media adherence, for either pre-hire assessment or employee feedback management, are gaining traction in the market.
Further key findings from the report suggest:
The human resource departments are responsible for decisions concerning talent management systems and are witnessing a shift toward integrated solutions
Organizations, they are in search of platforms to integrate the disconnected systems
As the industry is moving toward digital management and cloud-based applications, there is a looming threat of data breaches and hacking incidents
Key industry participants include IBM Corp., Oracle Corp., SAP SE, Peoplefluent Inc., CornerStone OnDemand Inc., Haufe Group, Lumesse AS, DelTek Inc., Saba Software Inc., and Halogen Software Inc., among others
The industry may also witness a rise in the number of small companies and start-ups that address the niche markets and provide customized solutions while being susceptible to acquisitions and mergers of smaller firms as well as the entry of technology giants to capitalize on the market opportunities.
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/talent-management-software-market-analysis-by-solution-by-deployment-cloud-on-premise-by-application-bfsi-retail-it-and-telecom-healthcare-education-others-by-region-and-segment-forecasts-2015---2025-300392291.html